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ETH vs TETH

Grayscale Ethereum Mini Trust ETF

ETHANYSE Arca

21Shares Ethereum ETF

TETHBCboe

Overlap

Expense ratio

ETH −0.06pt a year

ETH0.15%TETH0.21%

Avg volume · 30D

ETH 2.3×the volume

ETH2.69MTETH1.17M

ETH vs TETH Performance

Nov 7, 2025 – Nov 9, 2026

−37.7%ETH−38.3%TETH

Nov 7, 2025 to Nov 9, 2026. ETH −37.7%. TETH −38.3%. Use the arrow keys to read each point.−50%−30%−20%−10%0%Nov 2025May 2026Nov 2026
Expense ratio
ETH 0.15%, better
TETH 0.21%
Fund size
ETH $1.95B
TETH $25M
1Y total return
ETH −37.7%, better
TETH −38.3%
Holdings
ETH 1
TETH 1
Avg volume (30D)
ETH 2.69M sh, better
TETH 1.17M sh
NAV per share
ETH $20.29
TETH $11.14
52W range

ETF.net Grade

ETH: Cost 88, Risk 51, Mission 100, Tradability 84, Holdings not scored, Durability 62. TETH: Cost 52, Risk 39, Mission 100, Tradability 41, Holdings 100, Durability 29.
Pillar letters and Scores for ETH, TETH, with each pillar’s weight
PillarETHTETH
Cost30% weightA88HigherC52
Mission25% weightA100A100
Risk15% weightC51HigherD39
Tradability15% weightA84HigherC41
Holdings10% weightNot scoredA100
Durability5% weightB62HigherD29

Rank among Spot Ether funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ETH and TETH are both graded against the same 11 Spot Ether funds, so their Grades compare head to head.

Spot Ether⁠

Category · 11 funds
See all 11 ›

ETH ranks 1st and TETH 6th of 11 funds in the Spot Ether Category.

  1. Rank 1AETHGrayscale Ethereum Mini Trust ETFScore 82
  2. Rank 2AMSSEMorgan Stanley Ethereum TrustScore 77
  3. Rank 5BEZETFranklin Ethereum ETFScore 63
  4. Rank 6BTETH21Shares Ethereum ETFScore 60
  5. Rank 7BETHAiShares Ethereum Trust ETFScore 59

Our read on each fund

ETF.net Research

ETHAGrayscale Ethereum Mini Trust ETF

TETHB21Shares Ethereum ETF

In short

ETH The cheap seat in spot ether. A grantor trust that does one thing (hold ether, track its index price) for 0.15% a year, well under the going rate for the category, from a 2024 launch class that is still finding its pecking order.

TETH No data

Stated mandate

ETH The Trust passively seeks to have Shares, measured by Ether per Share, reflect the value of its Ether holdings using the Index Price, after expenses and other liabilities.

TETH No data

Why people hold it

  • ETH 0.15% a year, versus 0.25% for the typical spot-ether fund. Among funds tracking the same reference, only EZET lists less at 0.00%.
  • The mandate is narrow and it is honored: hold ether, reflect the Index Price after expenses. One of the tightest implementations in its spot-ether peer group.
  • Assets run into the billions and shares trade actively, which puts it among the easier names to get into and out of in a young category.

TETH No data

Worth knowing

  • ETH This is spot ether, undiluted. Price swings are large in both directions and the trust is built to pass them straight through, not to cushion them.
  • No distributions. Whatever happens here comes from ether's price, less the 0.15% fee, with nothing paid out along the way.
  • Launched in 2024, so the history is thin and our risk read leans on roughly a year of data rather than a full market cycle.

TETH No data

Full ETH profile⁠

Full TETH profile⁠

ETH vs TETH Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ETH vs TETH Cost

Overpaying TETH vs ETH

$1,220

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ETH 0.15%

    $3,137

  • TETH 0.21%

    $4,357

$10,000
30 years

Cost over time

  • ETH 0.15%
  • TETH 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530TETH $4,357ETH $3,137

Year by year

YearETHTETHOverpaying
10$274$383$109
20$1,071$1,491$420
30$3,137$4,357$1,220

Expense ratio

  • 0.15%ETH, cheaper
  • 0.21%TETH
  • Middle half of Spot Ether funds
  • Median 0.21%

ETH 2nd cheapest of 11 funds

TETH 6th cheapest of 11 funds

ETH vs TETH Dividends

Last 12 months to Nov 9, 2026
Last payment
ETH $0.03
TETH $0.03
Ex-dividend
ETH Nov 3, 2026
TETH Sep 29, 2026
Paid on
ETH Nov 4, 2026
TETH Sep 30, 2026
Frequency
ETH Monthly
TETH Quarterly

Distribution history

Per share, 2026, same scale for both

ETHMonthly · 3 paymentsAll ETH payments⁠
One bar per payment. 3 payments in 2026 YTD. Sep 3, 2026 $0.03; Oct 5, 2026 $0.04; Nov 3, 2026 $0.03. Use the arrow keys to read each point.$0$0.032026YTD
TETHQuarterly · 4 paymentsAll TETH payments⁠
One bar per payment. 4 payments in 2026 YTD. Jan 8, 2026 $0.01; Mar 30, 2026 $0.01; Jun 29, 2026 $0.009; Sep 29, 2026 $0.03. Use the arrow keys to read each point.$0$0.032026YTD

ETH vs TETH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ETH 75.5%since Aug 2024TETH 59.5%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
ETH 0.07since Aug 2024TETH −0.46since Aug 2025
Worst fallMax drawdown, 5 years
ETH −67.5%since Jul 2024TETH −67.7%since Jul 2025
Market sensitivityBeta, 5 years
ETH 2.63TETH 2.62

ETH and TETH in the news

All news⁠

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